Data silos severely limit a bank’s ability to extract data & analyze it to understand changes in customer or member behavior for reporting on regulatory compliance, developing new products, etc.
This results in customer churn & a potential negative reputation, which is not something any bank can risk.
Learn how our BaaS improves end customer journey and prevents silos through high-availability cloud-based API infrastructure: https://loquatinc.io/blog/how-banks-can-reduce-costs-and-increase-revenue-in-a-recession/
